With private equity firms testing the limits of limited partners’ ability and willingness to fill their new-fund coffers, sovereign wealth funds (SWFs) are emerging as a potential source of capital to help bridge the fund-raising gap. As we point out in Bain’s Global Private Equity Report 2012, SWFs are eager to partner with a wide range of PE firms—provided general partners (GPs) understand how to work with them.
Managers of investible assets of some of the world’s richest nations, SWFs command enormous resources, which have quadrupled over the past decade to some $4.7 trillion in 2011. Increasingly, SWFs are looking to deploy assets in alternative investments, of which PE is a prime candidate………………………………………..Full Article: Source

“Money makes money” and “when it rains it pours” are two old phrases that come to mind when reading about the financial performance of Norway’s sovereign wealth fund. The Norwegians found a whole lot of oil many years ago. They invested the proceeds in a state fund, which is now the largest of its kind in the world. It is now worth 3.8tn krone (€512 billion).
And last year, its second best performance ever, it rose by 13.4 per cent. The fund’s investments in shares jumped by 18.1 per cent last year on the back of a global stock market boom………………………………………..Full Article: Source

Alaska Permanent Fund Corp, which oversees the American state’s oil wealth portfolio, has increased its investment in Indian stocks to over Rs. 1,000 crore with increased holdings in bluechips like ICICI Bank, Infosys, HDFC and Reliance Industries Ltd.
The global fund, that oversees $46 billion worth assets invested across 70 nations, had equity investments worth about $190 million (over Rs. 1,000 crore) across shares of at least 75 listed Indian companies at the end of fiscal 2012-13 ended last month, shows its latest portfolio………………………………………..Full Article: Source

China Galaxy Securities Co., a brokerage controlled by the country’s sovereign wealth fund, started gauging demand today for a $1.5 billion initial share sale in Hong Kong, two people with knowledge of the matter said.
The company, based in Beijing, aims to start trading early next month, said the people, asking not to be identified because the information is private. Founded in January 2007, Galaxy Securities is controlled by Central Huijin Investment Ltd., a unit of China Investment Corp., according to the brokerage’s website………………………………………..Full Article: Source

Government-owned investment agency Khazanah Nasional Bhd is expected to announce the buyer of its entire 45 per cent stake in TIME Engineering Bhd next month.
A source said Khazanah is in the final lap of evaluating the three shortlisted companies, which are Skali Group, Censof Holdings Bhd and MyEG Services Bhd………………………………………..Full Article: Source

Self-managed superannuation fund leaders are calling for more policy debate around the longevity of superannuation, as the ageing population sparks concerns about how the industry will adapt.
Industry experts speaking at a CPA Australia conference on SMSFs said the SMSF sector will change greatly in the next five to 10 years, signalling administrative and licensing reforms and lower costs, but also forecasting potential problems as the majority of SMSF holders enter old age………………………………………..Full Article: Source

The Federal Ministry of Works is to partner with the Nigerian Sovereign Investment Authority (NS on the Lagos-Ibadan Expressway and an additional 39-kilometer road linking the Second Niger Bridge.
The Minister of Works, Mike Onolememen, an architect, disclosed this when a delegation from the organization led by its Managing Director, Mr. Uche Orji paid him a courtesy call, in his Mabushi Office. The Federal Government owned authority established Sovereign Wealth Fund (SWF) with an initial funding of US$1 billion………………………………………..Full Article: Source